JM ELSS Tax Saver Fund
The scheme aims at achieving long term growth of capital along with income tax relief for investment. At least 80% of the funds will be invested in equity instruments.
Growthvine rating: 3/5 — ranked #27 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹50.38 (as of 2026-10-01) |
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| AUM | ₹248 Cr |
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| Expense ratio | 2.10% |
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| Riskometer | Very High |
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| Fund manager | Deepak Gupta |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 11.98% |
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| Sharpe ratio | 0.63 |
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| Standard deviation | 16.85% |
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| Max drawdown | −69.00% |
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| Alpha | 3.41 |
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| Beta | 1.05 |
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Over 5 years, captured 106.9% of Nifty 500's upside and 93.4% of its downside.
Market cap allocation
| Large cap | 36.0% |
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| Mid cap | 22.6% |
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| Small cap | 41.3% |
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Concentration
| Top 5 holdings | 14.6% |
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| Top 10 holdings | 26.8% |
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| Total holdings | 55 |
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| Index overlap | 28.9% |
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| Active share | 71.1% |
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Top holdings
- One 97 Communications Limited — 3.3%
- Syrma SGS Technology Limited — 2.9%
- ICICI Bank Ltd. — 2.8%
- HDFC Bank Ltd. — 2.8%
- Karur Vysya Bank Ltd. — 2.8%
- Reliance Industries Ltd — 2.8%
- CarTrade Tech Limited — 2.5%
- Bharti Airtel Ltd. — 2.4%
- COFORGE LIMITED — 2.3%
- Fortis Healthcare Ltd — 2.3%
Top sectors
- Banking & Financial — 14.3%
- Finance & Investments — 10.4%
- Automobile — 8.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 0.5% | Q1 (Top) | #12 of 52 |
| 2025 | 2.5% | Q3 | #30 of 51 |
| 2024 | 29.0% | Q1 (Top) | #5 of 51 |
| 2023 | 30.9% | Q2 | #19 of 48 |
| 2022 | 0.5% | Q3 | #31 of 43 |